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2602 Willa Dr, Saint Joseph, MI 49085

3 beds • 2 baths • 1368 sqft

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This property looks like a bad Airbnb investment with a projected -19.25% first-year return on $71,886 initial cash invested.

-19.25%

Cash On Cash

0.72%

Cap Rate

0.12

DSCR

$930

Rent

-$1,153

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$930 income − $2,083 expenses = $1,153 out of pocket

Income$930Out of Pocket$1,153Mortgage P&I$1,270137%Property Taxes$27429%Insurance$9310%Management$14015%CapEx$374%Maintenance$374%Other$23225%

Investment Breakdown

|

Purchase Price

$257k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$71,886

Downpayment

20%

$51,320

Closing costs

1%

$2,566

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$930

Total Expenses

$2,083

Mortgage P&I

137%

$1,270

Property Taxes

29%

$274

Home Insurance

10%

$93

HOA

0%

$0

Property Management

15%

$140

CapEx

4%

$37

Vacancy

0%

$0

Maintenance

4%

$37

Other

25%

$232

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